02:01 PM EDT, 10/15/2024 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) up 0.6%.

The Philadelphia Housing Index was climbing 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.9%.

Bitcoin (BTC-USD) was increasing 1% to $66,712, and the yield for 10-year US Treasuries was dropping 5 basis points to 4.05%.

In corporate news, Bank of America ( BAC ) reported higher-than-projected results for Q3 as higher investment banking fees and trading revenue helped offset lower net interest income. Its shares rose 1.3%.

Goldman Sachs' ( GS ) Q3 results increased year over year and topped Wall Street expectations, as the company recorded double-digit gains in investment banking fees and wealth management revenue. Its shares added 0.2%.

Citigroup ( C ) posted stronger-than-expected Q3 results amid fee-based revenue gains while net interest income dipped year over year but is expected to decline less than initially expected on the year. Citi shares were falling 4.6%.